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'BJP's Rath Yatra would encourage communal violence'

Pondicherry, Apr 7: AICC General Secretary V Narayansamy today claimed the 'Rath Yatra'' by BJP leaders Rajnath Singh and L K Advani will trigger communal violence in the country.

Talking to newspersons here, he alleged that the BJP's Rath Yatra was to discredit the Congress, since the BJP wanted to destablise the economy of the country and split people on the basis of religion.

Mr Narayanasamy also alleged that the yatra was planned to divert the attention of the people from the achievements of the Central Government, since the BJP is riddled with factional feuds.

On the proposed formation of a third front by Mulayama Singh Yadav with the support of Telegu Desam Party (TDP) and AIADMK, he said the people had rejected the third front concept in our country.

The Centre's move to provide reservation to BC and SC in Government-run IIT and IIM would help poor students to pursue higher education, he added.

UNI

Funds roll out red-carpet for copper towards $6,000

SINGAPORE, April 7 (Reuters) Copper touched a record peak on Friday, moving closer towards uncharted territory of $6,000 a tonne, as funds armed with strong fundamentals and dwindling stocks continued to plough into the red-hot commodities sector. By 0711 GMT, London Metal Exchange copper for delivery in three months was up $24 a tonne from Thursday's London close at $5,802/$5,812 a tonne. It earlier hit $5,830, a record high. ''A test of $6,000 now looks.....

Investors give thumbs-down to CCB results

HONG KONG, April 7 (Reuters) Shares of China Construction Bank (CCB), the country's third-biggest lender, fell nearly 3 percent on Friday, a day after its 2005 results showed disappointing cost control and loan growth in the second half. Construction Bank, which raised $9.2 billion in China's biggest-ever IPO in October, reported a 4 percent drop in 2005 profit on Thursday as a much higher tax rate cut into earnings. Annual profit of 47.1 billion yuan.....

Trade Policy thrust to rural jobs;aims at 120 bn dollar export

New Delhi, Apr 7: Setting an export target of 120 billion dollars, the government today announced major changes in the Foreign Trade Policy with a focus on employment generation, especially in rural areas, and giving thrust to sectors like gems and jewellery, automobile, aviation, marine products and BPOs.The Annual Supplement to the FTP 2004-09 scrapped the controversial Target Plus scheme and replaced it with the twin schemes of Focus Product and Focus Market.''India's merchandise exports have crossed the.....
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